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While softness\u2014and even outright weakness\u2014remains in parts of Florida\u2019s housing market, the intensity of the downturn in Florida has eased somewhat in recent months.<\/p>\n
While the ResiClub<\/em> team is huge fans of looking at year-over-year shifts in home prices\u2014especially when using an index that helps account for mix shift\u2014the truth is that year-over-year changes are also slightly lagging.<\/p>\n One way to get ahead of year-over-year home price shifts is by looking at seasonally adjusted month-over-month home price shifts as measured by the Zillow Home Value Index.<\/p>\n<\/div>\n When looking at seasonally adjusted month-over-month home price shifts across Florida metro and micro areas, you\u2019ll see that over the past seven months the intensity of Florida\u2019s home price correction has eased.<\/p>\n Some Florida metros\u2014in particular in the Florida Panhandle and parts of Northern Florida\u2014are even back to seeing mildly positive seasonally adjusted month-over-month home price gains. And the places that are still seeing seasonally adjusted month-over-month home price declines, such as Punta Gorda and Cape Coral, are experiencing much smaller seasonally adjusted month-over-month declines than they were seven months ago.<\/p>\n